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L’ville accepts resignation of embattled president
- Updated: July 28, 2016
11:29 PM ET
LOUISVILLE, Ky. — University of Louisville trustees on Wednesday accepted the resignation of embattled President James Ramsey, whose long tenure was dogged by scandal.
The action at a special meeting of the school’s board signaled the end of an era. Ramsey, a former state budget director, has led the university for 14 years.
After six hours of closed-door deliberations, the board announced late Wednesday that Ramsey will be paid $690,000 and will resign immediately, with an agreement not to sue the school.
As part of his resignation, James Ramsey will resign immediately, with an agreement not to sue Louisville. AP Photo/Timothy D. Easley
Ramsey was credited with raising academic standards and boosting the school from a commuter campus to a distinguished research institution. But he came under increasing fire for embezzlement scandals and a string of other embarrassments, …
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